landowners who aren't overly leveraged (for example investment firms like blackrock who got a lot of "relief" funding during the start of the covid pandemic and were able to buy property with cash) will be able to hold onto their unoccupied properties, and maybe even snap up a few more as prices drop
It's called feudalism and it happened historically. I see no reason why it can't return.
When the crash happens, the government will pump endless money into companies like Blackrock to "safe" the market. They will use it to further consolidate things.
It's robbery, but only if you know whats happening.
They'll have the gall to proclaim the economy saved after prices begin rising again, now with an even worse starting situation than 2008.
When investment firms can use previously purchased properties as collateral to help get more favorable interest rates than a petit boug will get, they kinda have a perpetual money machine.
For the smaller ones, sure, but I'd imagine that the bigger ones keep their cash under their beds and do everything in their power to only use other people's money to makes these kinds of investments. When the credit dries up, they will still have their liquid capital to take advantage of the fire sale on real estate.
landowners who aren't overly leveraged (for example investment firms like blackrock who got a lot of "relief" funding during the start of the covid pandemic and were able to buy property with cash) will be able to hold onto their unoccupied properties, and maybe even snap up a few more as prices drop
deleted by creator
How much more? All of it.
It's called feudalism and it happened historically. I see no reason why it can't return.
When the crash happens, the government will pump endless money into companies like Blackrock to "safe" the market. They will use it to further consolidate things.
It's robbery, but only if you know whats happening.
They'll have the gall to proclaim the economy saved after prices begin rising again, now with an even worse starting situation than 2008.
When investment firms can use previously purchased properties as collateral to help get more favorable interest rates than a petit boug will get, they kinda have a perpetual money machine.
deleted by creator
For the smaller ones, sure, but I'd imagine that the bigger ones keep their cash under their beds and do everything in their power to only use other people's money to makes these kinds of investments. When the credit dries up, they will still have their liquid capital to take advantage of the fire sale on real estate.